| Strauss-Kahn released from house arrest Fri,1 Jul 2011 09:01 PM PDT Reuters -  NEW YORK (Reuters) - Former IMF chief Dominique Strauss-Kahn was released from house arrest on Friday after prosecutors said the hotel maid who accused him of attempted rape lied to a grand jury and made other false statements.Full Story1 |
| KKR, Silver Lake to buy Go Daddy for $2.25 billion: sources Fri,1 Jul 2011 07:51 PM PDT Reuters - NEW YORK (Reuters) - Web hosting company The Go Daddy Group Inc agreed to be bought by a private equity consortium led by KKR and Silver Lake for $2.25 billion, including debt, people close to the situation said on Friday. Full Story1 |
| Rally could spell pullback for stocks Fri,1 Jul 2011 07:43 PM PDT Reuters -  NEW YORK (Reuters) - A pullback could be on the table next week for stocks after their best weekly performance in two years, especially if a raft of data headlined by the June jobs report doesn't bolster the argument of a strengthening economy.Full Story1 |
| Prosecutors detail lies told by DSK accuser Fri,1 Jul 2011 04:34 PM PDT Reuters - NEW YORK (Reuters) - She lied about being gang-raped in her home country. She cheated on her taxes. And she changed details of her story about being sexually assaulted by a man once seen as the next president of France. Full Story1 |
| Obama taps Curry, Miller for top financial posts Fri,1 Jul 2011 04:24 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama moved to fill two key posts in the ranks of financial regulators as officials work to complete new rules required by the Dodd-Frank Wall Street oversight law. Full Story1 |
| NY Attorney General subpoenas BofA CEO, others: report Fri,1 Jul 2011 04:22 PM PDT Reuters -  (Reuters) - New York state Attorney General Eric Schneiderman has issued subpoenas seeking new depositions from Bank of America's chief executive and other current and former executives, the Wall Street Journal reported, citing people familiar with the situation.Full Story1 |
| Credibility of accuser key to Strauss-Kahn case Fri,1 Jul 2011 03:55 PM PDT Reuters - NEW YORK (Reuters) - Investigators had to make a snap judgment about the accuser in the sexual assault case against Dominique Strauss-Kahn -- haste that may have contributed to the unraveling of the case. Full Story1 |
| MySpace owner talks Justin Timberlake's new job Fri,1 Jul 2011 02:48 PM PDT Reuters - LOS ANGELES (TheWrap) - Can MySpace be saved? Full Story1 |
| June auto sales weak for 2nd month in row Fri,1 Jul 2011 02:14 PM PDT Reuters -  DETROIT (Reuters) - The auto industry sputtered to its second consecutive month of weaker-than-expected U.S. sales in June, marked by disappointing results from General Motors Co, Ford Motor Co and the big Japanese automakers, as the weak economy and tight supply of cars left buyers wary.Full Story1 |
| Zynga files for IPO, surfs Facebook wave Fri,1 Jul 2011 02:04 PM PDT Reuters -  NEW YORK (Reuters) - Zynga Inc, developer of popular Facebook games such as FarmVille and Mafia Wars, could be the best proxy for investing in Facebook until the world's largest social network goes public itself.Full Story1 |
| World stocks gain on U.S. data; oil down on China Fri,1 Jul 2011 01:42 PM PDT Reuters -  NEW YORK (Reuters) - World stocks rose on Friday on news that U.S. factory activity expanded more than expected in June, but weakening industrial production in Asia kept oil prices down.Full Story1 |
| Case against Strauss-Kahn near collapse: sources Thu,30 Jun 2011 11:56 PM PDT Reuters -  NEW YORK/PARIS (Reuters) - The sexual assault case against former IMF chief Dominique Strauss-Kahn is near collapse, sources said on Thursday, raising the prospect of a dramatic return to France's presidential election race.Full Story1 | Top |
| Japan's Hoya to sell Pentax camera business to Ricoh Thu,30 Jun 2011 11:40 PM PDT Reuters -  TOKYO (Reuters) - Japanese optical glass-maker Hoya said on Friday it would sell its Pentax camera business to copier and printer maker Ricoh, in a deal the Nikkei business daily said was worth about 10 billion yen ($124.2 million).Full Story1 |
| Equities rise, take China PMI in stride Thu,30 Jun 2011 11:28 PM PDT Reuters - SINGAPORE (Reuters) - Asian equities hit their highest level in nearly a month on Friday, lifted by receding fears of a default by Greece and encouraging data from the U.S. overnight, while the euro touched a fresh three-week high.Full Story1 |
| Jon Stewart beats Jay Leno in Q2 demos Thu,30 Jun 2011 08:20 PM PDT Reuters -  LOS ANGELES (Hollywood Reporter) - Jon Stewart has unseated Jay Leno to take the late-night ratings crown in the coveted adults 18-49 demographic during the second quarter.Full Story1 |
| Citi enters exclusive talks to sell OneMain: report Thu,30 Jun 2011 05:20 PM PDT Reuters -  (Reuters) - Citigroup Inc has entered into exclusive talks with a bidding group to sell its OneMain consumer lending unit formerly known as CitiFinancial, the Wall Street Journal reported, citing a person familiar with the matter.Full Story1 |
| Fed's Bullard: QE effective proxy for rate cuts Thu,30 Jun 2011 04:21 PM PDT Reuters -  ST. LOUIS (Reuters) - Large-scale bond buying can be an effective monetary policy substitute when the Federal Reserve runs out of room to cut interest rates, a top official of the U.S. central bank said on Thursday.Full Story1 |
| Geithner: Will stay on job for "foreseeable future" Thu,30 Jun 2011 03:43 PM PDT Reuters - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Thursday he plans to remain in his post for the foreseeable future. Full Story1 |
| Snap analysis: could weigh in Geithner job decision Thu,30 Jun 2011 03:38 PM PDT Reuters - WASHINGTON (Reuters) - Timing is crucial for Timothy Geithner as he mulls whether to quit the Obama administration early or hang in for a possible bruising ride in next year's presidential election campaign. Full Story1 |
| Lockheed's aeronautics unit to cut 1,500 jobs Thu,30 Jun 2011 03:36 PM PDT Reuters - ATLANTA (Reuters) - The aeronautics unit of Lockheed Martin Corp, the Pentagon's No. 1 supplier by sales, said on Thursday that it plans to cut about 1,500 jobs to reduce costs in response to a flattening of U.S. defense spending. Full Story1 |
| Opel chairman says restructuring ahead of schedule Thu,30 Jun 2011 02:55 PM PDT Reuters -  FRANKFURT (Reuters) - Opel Chairman Nick Reilly said General Motors was "very satisfied" with progress at Opel, but stopped short of commenting on whether the U.S. auto maker had put the European unit up for sale.Full Story1 |
| Greek vote, data drive TSX to 4th day of gains Thu,30 Jun 2011 02:41 PM PDT Reuters - TORONTO (Reuters) - Toronto's main stock index rallied for a fourth straight day on Thursday as relief that Greece seemed likely to avoid a near-term debt default and some stronger North American data prompted quarter-end buying. Full Story1 |
| Raymond James to buy Allied Irish's Canadian assets Thu,30 Jun 2011 02:38 PM PDT Reuters - CHARLOTTE, North Carolina (Reuters) - Raymond James Financial Inc's bank subsidiary has agreed to buy nearly all the assets of Allied Irish Bank's Canadian operations, the St. Petersburg, Florida-based brokerage and investment bank said on Thursday. Full Story1 |
| Paulson says welcomes Bank of America settlement Thu,30 Jun 2011 02:36 PM PDT Reuters -  NEW YORK (Reuters) - Hedge fund manager John Paulson, a long-term investor in Bank of America , said on Thursday he welcomed the settlement reached between the lender and mortgage bond investors.Full Story1 |
| New date of September 27 for Rajaratnam sentencing Thu,30 Jun 2011 02:29 PM PDT Reuters -  NEW YORK (Reuters) - Convicted Galleon hedge fund founder Raj Rajaratnam will be sentenced on September 27, a federal judge ordered on Thursday, postponing the proceeding from July 29 in the biggest insider trading case of a generation.Full Story1 |
| Greece, data drive C$ to stronger finish Thu,30 Jun 2011 02:28 PM PDT Reuters - TORONTO (Reuters) - Canada's dollar strengthened to a near seven-week high against the greenback on Thursday, boosted by a surge in commodity prices, easing of Greece's debt woes and slightly better-than-expected domestic economic data. Full Story1 |
| New York Times sells half of Red Sox stake Fri,1 Jul 2011 01:40 PM PDT Reuters -  NEW YORK (Reuters) - New York Times Co said on Friday it sold more than half its stake in the company which owns the Boston Red Sox baseball team, and is looking to sell the rest of its share.Full Story1 |
| Citigroup top muni underwriter so far in 201: data Fri,1 Jul 2011 12:45 PM PDT Reuters -  CHICAGO (Reuters) - Citigroup was the top bookrunning underwriter of U.S. municipal bonds in the first half of 2011, according to Thomson Reuters data on Friday.Full Story1 |
| Investors buy emerging equities on Greek hopes: EPFR Fri,1 Jul 2011 12:36 PM PDT Reuters - NEW YORK (Reuters) - Investors massively returned to emerging market equity funds in the week ended June 29 as hopes that Greece would avoid imminent bankruptcy encouraged risk taking, fund tracker EFPR Global said on Friday. Full Story1 |
| Legg Mason's Bill Miller: time to ditch or to buy? Fri,1 Jul 2011 12:34 PM PDT Reuters - NEW YORK (Reuters) - How much longer can Legg Mason Inc afford to back Bill Miller, the star investor whose onetime Midas touch has lost its luster? Full Story1 |
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